ôô

5 Questions to Help You Get Rich

Laura covers five strategic questions that you must answer in order to get a grasp on your current situation and take your personal finances to the next level. How you answer the questions will identify what’s missing in your financial life, where you want to go, and who you need to leverage for help.

By
Laura Adams, MBA,
March 16, 2016
Episode #442

Page 1 of 4

5 Questions to Help You Become RichBecoming rich doesn’t happen overnight. Unless you win the lottery or have a huge inheritance coming, building wealth happens gradually over time.

Financially successful people always have a plan for building and maintaining their wealth.

No matter if your personal finances and career is a wreck right now, or you’re flying high, it’s important to be very clear about the direction you want to go.

In this article I’ll cover five strategic questions that you must answer in order to get a grasp on your situation and take your personal finances to the next level. How you answer these questions will identify what’s missing in your financial life, where you want to go, and who you need to leverage for help.

Free Resource: Laura's Recommended Tools—use them to earn more, save more, and accomplish more with your money!

Question #1: Do I have a positive money mindset?

Your money mindset is how you think about money and relate to it. Our mindset is key because it’s the precursor to our behavior. None of your actions or behaviors happen in a vacuum—they always spring from your thoughts or mindset.

I want you to be real with yourself. Own up to whether your thoughts about money support you and move you in a positive direction every day, or are holding you back and sabotaging your ability to get ahead.

If you think that you’re at a disadvantage because you started learning about money late in life, didn’t go to college, or don’t have the career you really want, it’s time to leave those negative, false beliefs in the dust.

It doesn’t matter if you’re working an entry level job or are a highly-paid CEO, your money mindset is the key to whether you build lasting wealth or not. Your ability to grow rich doesn’t depend on your education or earning power.

Smart, powerful people can fail miserably with their money when they don’t follow the basics like living below your means, having enough of the right kinds of insurance, and investing for the future.

You’ve heard about rap stars and fashion models who end up bankrupt even though they made millions every year. The reality is that anyone can wind up poor no matter how much flows in and out of their bank account.

Pages

You May Also Like...

Facebook

Twitter

Pinterest